Scope: Global kraft paper (incl. unbleached) for packaging; using latest 2025–Q1 2026 data and 2026–2034 forecasts to infer June 2026 conditions. 1. Price level & regional benchmarks (as of early 2026) - Q1 2026 kraft paper prices (all grades) reported by IMARC: • China: ~USD 891/MT (March 2026) • Thailand: ~USD 1,021/MT • Argentina: ~USD 868/MT • France: ~USD 1,462/MT • UK: ~USD 1,360/MT - Unbleached kraft paper Q3 2025 benchmarks (for spread indication): China USD 864/MT, France 1,427, Argentina 852, Thailand 963, UK 1,378 . - India kraft paper price index: March 2026 price around USD 409.65

Scope: Global kraft paper (incl. unbleached) for packaging; using latest 2025–Q1 2026 data and 2026–2034 forecasts to infer June 2026 conditions. 1.

Price level & regional benchmarks (as of early 2026) - Q1 2026 kraft paper prices (all grades) reported by IMARC: • China: ~USD 891/MT (March 2026) • Thailand: ~USD 1,021/MT • Argentina: ~USD 868/MT • France: ~USD 1,462/MT • UK: ~USD 1,360/MT - Unbleached kraft paper Q3 2025 benchmarks (for spread indication): China USD 864/MT, France 1,427, Argentina 852, Thailand 963, UK 1,378 .

- India kraft paper price index: March 2026 price around USD 409.65/MT (local index basis; lower as it includes lighter/lower-grade domestic kraft) . → June 2026 prices are likely in the same band as Q1 2026, with mild upward bias where pulp/energy costs remain elevated (cost‑driven rather than demand‑driven). 2. Market phase in 2025–2026 - 2025–2026 unbleached kraft paper market: “stable to slightly increasing trend” with moderate volatility .

- Transition noted from a demand-driven market in 2025 to a more cost-driven market in 2026, as pulp and energy costs dominate pricing . - IMARC/OpenPR and other trackers show the kraft paper price index in 2026 with moderate upward momentum vs late‑2025 averages .

What this means for buyers

Procurement teams should maintain flexible sourcing strategies for Kraft Paper given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.